Tag Archive for sales

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Juice Plus+ Moody’s Downgrades Rating, Outlook Is Negative

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Juice Plus has experienced double digit sales declines in its fiscal year ending April 2022, reflecting declines in sales force and volumes.
Juice Plus continues to invest in IT systems, tools, training, and incentives to drive enrollment, but these investments have not halted the erosion of sales and earnings.
Moody’s is concerned that the company will face difficulty mitigating distributor, revenue and earnings declines because increased hybrid work arrangements create competition for sales consultants that desire work flexibility.
Moody’s projects negative $11 million of free cash flow in the fiscal year ended April 2023. Moody’s believes the cash balance may not be sufficient to fund the free cash flow burn, the $22.5 million of required annual term loan amortization, and repayment of the $7.5 million revolver if the facility is not extended. 

The Moody’s press release:
Moody’s Investors Service (“Moody’s”) downgraded JP Intermediate B, LLC’s (dba as The Juice Plus Company, “Juice Plus”) Corporate Family Rating (“CFR”) to Caa1 from B3 and its Probability of Default Rating to Caa1-PD from B3-PD.
Moody’s also downgraded Juice Plus’ first lien senior secured revolving credit facility and term loan ratings to B3 from B2. The rating outlook is negative.
The rating downgrades reflect Moody’s expectation for debt-to-EBITDA (Moody’s adjusted) to

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Validus Welcomes BFH’s Triple-A Rating In Their First Year of Operation

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According to a Validus press release:
Due to the highly effective growth of the company and the rapid results achievable by all members, Validus has been recognised as the only MLM company in the last five years to reach a $100 million turnover within its first year of operation.
In less than a year, Validus has introduced the world to new and vital ways of forming a worldwide community and sharing financial benefits.
The Validus leadership team have dedicated themselves to the expansion of ethically led training leading to personal economic growth and forex trading excellence. In addition, it has opened its door to new members from around the globe, adding value to their lives and helping them work towards financial independence.
Validus’ primary function is to educate people who are underserved by financial institutions globally. Financial literacy provides a strong foundation for individuals to take control of their personal economy and work towards a better future.
Validus specialises in providing online educational content, specifically in foreign exchange, and has plans to expand into other subject areas.
Following a momentous early development period, Validus is already being recognised for some highly noteworthy achievements.
Validus Founders
Turnover isn’t the only thing turning heads. Validus has also demonstrated how to

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DuoLife 2021 Revenue Up 40% To $37 Million

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As part of its growth plan for 2020-2025, DuoLife has decided to issue shares, which are steadily increasing in value year on year. The company also expects to open new markets and increase its turnover in Europe, Asia and North America.

Between 2020 and 2021, the company’s revenue increased by 40.4%.
Since 1 August 2022, 78,060 new members have joined the DuoLife Club.
Since the beginning of 2020. 260 DuoLife Club members received luxury cars.
Since the beginning of 2020, 36 new products have been launched.

DuoLife dietary supplements are top-quality preparations composed from natural ingredients with extraordinary attention to detail.
They meet even the most stringent standards and requirements, as confirmed by numerous certificates. Every day, thousands of people around the world change their lives for the better thanks to our unique products.
DuoLife’s product portfolio includes more than 70 products. The company plans to introduce a further four products by the end of 2022.
DuoLife creates products that reach thousands of people around the world and is aware of the responsibility that comes with this, the Company makes every effort to ensure that they meet even the strictest standards and EU requirements.

About DuoLifeDuoLife is a joint-stock company founded in Poland in 2013, operating globally on 52

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Amare Global Acquires Kyäni

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Amare Continues Momentum and Expands Global Footprint with Strategic Partnership
Amare Global, The Mental Wellness Company, announced today the acquisition of Kyäni, Inc., a globally recognized and respected pioneer in health and wellness with business operations in over 50 countries.
Through this acquisition, Amare begins a strategic partnership with Kyäni to further expand global reach after tripling partner growth and doubling revenue and customer growth this year, despite global economic challenges.
Jared Turner, CEO Amare Global stated:
“This has been a year of transformative growth and momentum at Amare, and we could not ask for a better partner than Kyäni to help propel our global vision to share the benefits of mental wellness.
We are prepared to take this next step as a company to accelerate global expansion and build a foundation of empowerment, wellbeing, and opportunity for as many people as possible. Many thanks to our passionate employees, Brand Partners and customers who’ve helped us reach this milestone.”
Founded in 2018 by successful entrepreneur Hiep Tran, Amare Global focuses on creating products that support mental wellness through the gut-brain-axis.
Hiep’s vision of creating a company focused on mental wellness stems from his own journey in health and wellness after experiencing extreme burnout in the business world. This

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eXp Realty expands into Poland

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Poland launch marks the firm’s 24th global market.
Cloud-based brokerage eXp Realty is continuing its global expansion. On Wednesday, the brokerage announced its entrance into Poland.
This is eXp’s 24th global market and the expansion follows the launch of four new markets in 2022 including the Dominican Republic, Greece, and New Zealand, with Dubai expected to open soon.
“Poland’s recent wave of real estate brokerage consolidation speaks to the attractiveness of its property sector for both foreign and domestic investments,”
Michael Valdes, the firm’s chief growth officer, said in a statement.
“With continued rapid growth and resilience in the real estate market, Poland provides eXp Realty an ideal opportunity to establish a strong foothold in the Central and Eastern European region.”
The brokerage’s Poland operation will be led by Dorota Chomuntowska, who has more than 11 years of real estate broker experience in Poland and other international markets.
“eXp has pioneered a new wave of quality and value for the real estate industry,” Chomuntowska said in a statement.
“I am honored to lead this expansion in Poland and look forward to introducing eXp Realty to agents across the country.”
This is eXp’s second global expansion this month with the firm announcing its expansion into Chile last week.
During

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LifeVantage Revenue Fiscal Year 2022 Down 6% To $206.4 Million

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LifeVantage Corporation today reported financial results for its fourth quarter and full fiscal year ended June 30, 2022.
Fourth Quarter Fiscal 2022 Summary*:
Revenue of $50.9 million, a decrease of 7.0% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 3%;

Revenue in Asia/Pacific & Europe increased 0.7%
Revenue in the Americas decreased 10.5%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe increased approximately 12.8%;
Total active accounts declined 8.2% from the prior period to 156,000, reflecting a 10.9% decline in the Americas and a 2.0% decline in Asia/Pacific & Europe;
Loss per diluted share were $0.11, versus earnings per diluted share of $0.35 a year ago;
Adjusted earnings per diluted share were $0.01, compared to $0.31 a year ago;
Adjusted EBITDA of $1.7 million, compared to $6.6 million a year ago; and
Repurchased 103,391 shares.

*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2022 to the fourth quarter of fiscal 2021, unless otherwise noted.
Fiscal Year 2022 Summary**:

Revenue decreased 6.3% to $206.4 million.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2022 revenue was down approximately 4.2%;
Revenue in Asia/Pacific & Europe increased 3.8% and revenue

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Nature’s Sunshine Products Q2 Revenue Down 4.4% To $104.2 Million

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Nature’s Sunshine Products, Inc. (Nasdaq: NATR) (Nature’s Sunshine), a leading natural health and wellness company of high-quality herbal and nutritional products, reported financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial Summary vs. Same Year-Ago Quarter
Net sales were $104.2 million compared to $109.0 million.
GAAP net income was $1.0 million, or $0.03 per diluted share, compared to $6.8 million, or $0.32 per diluted share.
Adjusted EBITDA was $9.0 million compared to $13.4 million.
Management Commentary
“The challenges facing our world certainly remained in the second quarter,”
said Terrence Moorehead, CEO of Nature’s Sunshine.
“The devastating war in Ukraine, rampant inflation, supply chain pressures, and the lingering impact of COVID-19 hampered our vision to share the healing power of nature with everyone.
Despite the headwinds, our revenue was flat on a constant currency basis, driven by continued rapid growth in Asia and mitigated losses in Europe. We believe these outcomes illuminate the resilience of our brand, the power of our vision, and the advantages of our global presence.
“As we look to the remainder of the year, we recognize the volatility and uncertainty of the operating environment.
However, we will continue to invest in our five global growth strategies and support our partners

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Mannatech Q2 Revenue Down 17,7% To $35 Million

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Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its second quarter of 2022.
Second Quarter End Results
Second quarter net sales for 2022 were $35.0 million, a decrease of $7.5 million, or 17.7%, as compared to $42.5 million in the second quarter of 2021.
Our net sales declined 11.3% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $2.7 million, mostly due to the decline of the Korean Won and Japanese Yen.
During the second quarter, logistics in Hong Kong improved, and we were better able to deliver products to our customers. However, during the quarter, supply chain constraints worldwide continued to impact our sales. We have experienced a shortage of an ingredient used in some core products, and we have begun to move forward with our manufacturing partners with an alternative.
Second quarter operating income for 2022 was $0.9 million as compared to $2.0 million for the second quarter of 2021.
Net income was $0.7 million, or $0.34 per diluted share, for the second quarter of 2022, as compared to net income of $2.1 million, or $0.99 per diluted share,

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USANA Q2 Revenue Down 21% To $264 Million

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USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal second quarter ended July 2, 2022.

Second quarter net sales were $264 million as compared with $337 million during the second quarter of the prior year.
Second quarter diluted EPS totaled $1.00 versus $1.87 during the second quarter of 2021.
Company reiterates fiscal 2022 net sales and diluted EPS outlook of $1.015 billion to $1.065 billion and $3.85 to $4.45, respectively.

“As indicated in our preliminary results release on July 6th, we continue to experience COVID-related disruptions in several key markets, including mainland China. This caused participation in sales programs, Active Customer counts, and financial performance to come in lower than anticipated,”
said Kevin Guest, Chief Executive Officer and Chairman of the Board.
“Although many of these disruptions were outside of our control, and while we faced a tough year-over year comparable due to the timing of a successful sales program in 2021, our second quarter results were not up to our standards.
Nevertheless, we remain committed to our business strategy which we believe will deliver sustained, long-term growth in customer counts, net sales, and EPS.
Important elements of this strategy include

enhancing digital experience for our customers to improve the overall online shopping experience;
improving

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